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Author Archives: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

Survey: Delinquency Rates Up, Foreclosure Starts Flat in Q2

The latest National Delinquency Survey from the Mortgage Bankers Association (MBA) showed that delinquencies increased in the second quarter of 2012, a shift anticipated by the association. The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 7.58 percent as of the end of Q2, an increase from 7.40 in Q1. The second quarter's increased rate was still down from 8.44 percent at the same time in 2011.

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Mortgage Rates Lifted by Encouraging Employment News

Strong employment reports boosted mortgage rates back up for the second week in a row, Freddie Mac reported Thursday. The GSE's Primary Mortgage Market Survey show the 30-year fixed averaging 3.59 percent (0.6 point) for the week ending August 9, an increase from 3.55 percent the previous week. The 15-year fixed also posted gains, averaging 2.84 percent (0.6 point) for the week, up from 2.83 percent a week ago.

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HUD, Treasury Host Event for Troubled Homeowners in Maryland

The Department of the Treasury and HUD announced Wednesday that they are hosting a free event for struggling homeowners in Maryland. The event will be the Obama administration's 75th occasion designed to bring together the nation's largest mortgage servicers, local HUD-approved housing counseling agencies, non-profits, and government partners to assist homeowners struggling to avoid foreclosure.

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High-Priced Transactions Drive Seattle Home Sales in June

June marked the 12th straight month of year-over-year home sales increases in Seattle, according to a report from DataQuick. Although sales in some of the lower price ranges declined, increased activity in higher ranges made up for those drops. The median sale price rose year-over-year for the third consecutive month-hitting a nearly two-year high-as the market shifted toward mid- to high-end transactions and foreclosure resales fell.

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FHFA: HARP Accounts for Record 33% of June Refinances

HARP-assisted refinances drove record refinance activity in the month of June, FHFA revealed Tuesday. The agency released its Refinance Report for June 2012, showing that refinance volume remained strong in June as mortgage rates fell to all-time lows. An estimated 33 percent of refinance volume was done through HARP, the highest percentage since HARP's inception. The report revealed that at the end of June, Freddie Mac and Fannie Mae had refinanced 422,969 loans through HARP in 2012, more than the estimated total of 400,000 for all of 2011. This brings the total number of HARP refinances by the GSEs to 1.4 million.

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